This came during a meeting with Minister of Finance Mohamed Maait on Wednesday to review budget targets for fiscal year (FY) 2023/24. The productive sectors initiative aims to help businesses within selected sectors to boost their business volume and expand production. This includes achieving a primary GDP surplus, reducing the budget deficit while expanding the social protection network, and dealing with the effects of economic challenges. Maait added that EGP 45bn was allocated to buy local wheat from farmers in this year's season, starting from the beginning of April to the middle of August. He pointed out that financial resources will be provided to farmers once they supply the wheat, in implementation of the directives of President Al-Sisi, to support farmers and encourage them to expand the cultivation of strategic crops.
